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HEAT2VALUE SIGNED

Increased energy efficiency, flexibility and reduction of green-house gases using thermal battery

Total Cost €

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EC-Contrib. €

0

Partnership

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 HEAT2VALUE project word cloud

Explore the words cloud of the HEAT2VALUE project. It provides you a very rough idea of what is the project "HEAT2VALUE" about.

irrs    dnv    industries    benefits    market    solution    engineering    vast    heat    president    czech    activate    germany    patented    p    chain    medium    trust    reducing    performance    million    thermal    demonstration    professor    cumulative    waste    2011    plants    aring    vice    relies    storing    storage    discharged    tons    expert    consumption    hence    largely    types    emissions    grade    industrial    power    ghg    formerly    structural    2040    netherlands    innovation    combustion    flexibility    fabrication    familiarize    battery    establishing    demand    mechanics    stored    services    sectors    savings    40    plant    billion    2020    founded    prof    supply    romania    prefabrication    kiln    efficiency    environmental    senior    local    form    energy    cooling    renowned    business    intensive    manufacturing    otherwise    co2    heating    quantities    republic    energynest    steam    norway    temperature    unlocks    emit    breakthrough    bergan    modules    electricity    ntnu    customers    gl    recovered    district    fuel    500    steel    spain    overlooked   

Project "HEAT2VALUE" data sheet

The following table provides information about the project.

Coordinator		 ENERGYNEST AS 

Organization address
address: OLAV BRUNBORGS VEI 6
city: BILLINGSTAD
postcode: 1396
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Norway [NO]
 Total cost 2˙050˙500 €
 EC max contribution 1˙435˙350 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2021-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ENERGYNEST AS NO (BILLINGSTAD) coordinator 1˙435˙350.00

Map

 Project objective

EnergyNest has developed a breakthrough Thermal Battery solution that enables a step-change in improved efficiency, flexibility, and environmental performance for the power and industrial manufacturing sectors. By storing energy in the form of heat rather than electricity our technology unlocks a vast new market that has so far been largely overlooked. Energy-intensive industries and several types of thermal power plants emit large quantities of high-temperature heat. Recovered, stored and discharged upon demand high-grade heat can be used to produce high-value energy in the form of electricity, process steam/heat, district heating and even cooling which would otherwise have to be produced from fuel combustion, hence reducing fuel consumption and GHG emissions. The potential cumulative CO2 savings for these sectors is greater than 500 million tons between 2020-2040. Our solution offer strong business cases with IRRs in the range of 20–40% in a market estimated to be greater than 7 billion € per year in Europe.

The objective of this project is to demonstrate the EnergyNest Thermal Battery system at a plant where waste-heat from a kiln will be recovered, stored and used to supply steam, thus reducing fuel consumption within the plant. The demonstration will familiarize our future customers to the Thermal Battery, establishing trust in its performance, benefits and our capabilities. The Thermal Battery innovation relies on a patented system design using an unique concrete-like storage medium. The project will activate an European supply chain, with steel fabrication in The Czech Republic/Romania, concrete fabrication in Germany, prefabrication of Thermal Battery Modules in the Netherlands, and local engineering services in Norway and Spain.

EnergyNest was founded in 2011 by prof. Pål Bergan, a renowned structural mechanics expert formerly professor at NTNU and Senior Vice President at DNV GL.

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The information about "HEAT2VALUE" are provided by the European Opendata Portal: CORDIS opendata.

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